Online research by the European Association for Secure Transactions shows that malware and black box attacks pose the greatest perceived risk to European ATMs, followed by card skimming, social engineering, and cash and card trapping.
The EAST ATM fraud risk survey ran from May to August. Participants were asked how they saw fraud risk developing for ATMs.
According to EAST, the poll results align with trends the organization itself has seen in European ATM fraud statistics over the past 13 years — particularly since the rollout of EMV chip and PIN technology.
More than two-thirds thought malware and black box attacks were the biggest risk; 20 percent said the chief risk was card skimming, 7 percent cited social engineering; and 3 percent each mentioned cash trapping and card trapping.